Gabelli & Company Investment Advisers, Inc. (Rye)

Name: Gabelli & Company Investment Advisers, Inc.
Address: One Corporate Center, Rye, NY, 10580
Telephone: 914-921-5135

Gabelli & Company Investment Advisers, Inc. is a large advisory firm based in Rye. It manages $1.7 billion of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Gabelli & Company Investment Advisers provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gabelli & Company Investment Advisers: assets under management

The assets under management (AUM) of Gabelli & Company Investment Advisers, Inc. is $1.7 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 49% since the beginning of its operation, and $990.81 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.7 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $60.88 million each.

Gabelli & Company Investment Advisers has custody of $862.2 million in cash and securities for 24 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 26% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gabelli & Company Investment Advisers, Inc. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gabelli & Company Investment Advisers serves?

The only and largest group of clients of Gabelli & Company Investment Advisers is pooled investment vehicles with 28 clients and $1.47 billion of assets under management. Among the 7 most similar advisory firms, Gabelli & Company Investment Advisers has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.47 billion for 28 clients. 48% of the firm’s clients are foreign persons or businesses.

Gabelli & Company Investment Advisers also advises several private funds. Namely, twenty four hedge funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $10,000,000.

Careers at Gabelli & Company Investment Advisers, Inc.

The company employs 24 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Richard Jamieson	President and chief executive officer, director	1 Oct 2004	Other	1056140
Diane Marie Lapointe	Controller	1 Jun 2012	Other	4855171
Kevin Handwerker	Secretary and general counsel	1 Sep 2014	Other	4163462
David Lawrence Fitzgerald	Chief compliance officer and assistant secretary	1 Apr 2015	Other	6536494
Inc. Associated Capital Group	Shareholder - 100% owner of the registrant	1 Nov 2015	75% - 100%	47-3965991
Patrick Lewis Dennis	Executive vice president and chief financial officer	1 Sep 2016	Other	6583737
Francis Joseph Conroy	Interim chief financial officer	1 Nov 2017	Other	2216393

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mario Joseph Gabelli	Ceo, director and majority shareholder of common stock	1 Nov 1976	50% - 75%	216136
Inc. Ggcp	Manager and member	1 May 2010	75% - 100%	13-3056041
Ggcp Holdings Llc	Majority shareholders of the class b common stock	1 May 2010	75% - 100%	27-2509609

Based in Rye

The principal office where Gabelli & Company Investment Advisers, Inc. performs its advisory services is located at One Corporate Center, Rye, NY 10580, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-921-5135 or by fax 914-921-5060. The normal business hours are 8 a.m. - 6 p.m. on Monday - Friday. You can find more information about the New York firm at associated-capital-group.com.